ARHS vs VXZ: Correlation
Arhaus, Inc. (ARHS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and VXZ?
Across a 3-year window, the weekly returns of ARHS and VXZ correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.32). Stretching to 5 years gives -0.43, with an annualized covariance of -474.5 %².
Out of 15 assets tracked against ARHS, VXZ lands near the bottom at #14. The trailing year gives VXZ the advantage: -22.9% versus -16.1%, a 6.8-point spread. Note the risk asymmetry: ARHS runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARHS vs VXZ: side by side
| ARHS (Arhaus, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -22.9% | -16.1% |
| 5-year return | -25.3% | -53.1% |
| Volatility (ann.) | 57.7% | 25.6% |
| Beta vs S&P 500 | 1.73 | -1.31 |
| Max drawdown (3Y) | -69.3% | -36.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARHS | VXZ |
|---|---|---|
| 2022 | -26.4% | +0.5% |
| 2023 | +21.5% | -44.0% |
| 2024 | -17.9% | -12.7% |
| 2025 | +19.3% | +5.7% |
| 2026 | -17.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARHS and VXZ?
As of 2026-08-27, the correlation of weekly returns between ARHS and VXZ is -0.32 over 3 years, -0.46 over 1 year and -0.43 over 5 years.
Is VXZ a good diversifier for ARHS?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arhs-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arhs-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARHS correlations · VXZ correlations
